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Risk Management Plan

Money & Risk Management Plan

Purpose

(Why are you trading? Why do you want to trade? What is your main driver? What do you need money for? Do you want to support your current income or completely replace it?)

I am trading because:

I am an ___ type trader currently. My current starting capital is ___ .

My Current Highest Priority Action is to ___

My Yearly Trading Goals are ___

My Long-Term plan for my trading career is ___

Risk Parameters

I will be risking __ % per trade.

My Max Loss per Day is __ %. I have __ bullets per day. After __ losses in a row, I will stop trading for the day.

My Max Loss per Week is __ %.

If my balance falls below __ %, I will reduce my risk to __ % per trade. I trade with the reduced risk until ___.

If my balance increases above __ %, I will increase my risk to __ % per trade. I will trade with the increased risk until ___.

I target ___ % per week.

I’d love to achieve __ % per month.

I commit to following this plan strictly. It is my full responsibility to manage my risk and execute on my trading system.

I know that not every day/week/month will be profitable, but I keep executing my system, while managing risk flawlessly. In the long-run, I will achieve a positive return.

Sign:

_____________

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